ibm-seeks-buyer-for-watson-health-unit:-report

IBM Seeks Buyer for Watson Health Unit: Report


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In the latest move by International Business Machines CEO Arvind Krishna to reposition the tech giant by streamlining and restarting growth, Big Blue has hired BofA Securities to find a buyer for its Watson Health artificial-intelligence-software business according to a report. IBM‘s looking for a price of more than $1 billion.

According to Axios, which cites “people familiar with the situation,” IBM (ticker: IBM) wants to exit its health-care vertical market, after spending more than $4 billion on a series of acquisitions…